Television

Network18's Q1 consolidated revenue grows 10% to Rs 1,340 crore YoY

Its business revenues grew 13% in Q1 FY23 despite its free-to-air Hindi GEC going off DD FreeDish.

https://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2022/07/19/network18.jpg?itok=ms91WbpG

Mumbai: Network18 Media & Investments on Tuesday announced its financial results for the quarter ended 30 June, 2022. The company reported that its consolidated revenue from operations rose to Rs 1,340 crore year-on-year, amidst a challenging macro environment. It has witnessed 10 percent growth. During the same period, the company posted a 67.52 per cent decline in consolidated net profit at Rs 39.46 crore.

According to a regulatory filing, Network18’s net profit stood at Rs 121.51 crore during the April-June period a year ago. However, its total expenses were Rs 1,349.78 crore, up 24.88 percent from Rs 1,080.79 crore during the same period last year.

Network18's entertainment business revenues grew 13 per cent in Q1 FY23 despite its free-to-air Hindi general entertainment channel (GEC) going off DD FreeDish.

Digital News revenue continued to grow at a fast pace, said the report, but added that "TV News revenue was flat YoY despite multiple state elections in the base quarter."

TV18’s news channels established strong positions in key markets with CNBC TV18, CNN News18 ranked #2 and News18 India ranked #1, #2, and #3 (refer: source) in their genres, respectively.

During the quarter, three dedicated sports broadcasting channels were launched by Viacom18- Sports18, Sports18 HD and Sports18 Khel.

On digital media rights for IPL

Viacom18 has acquired the non-exclusive rights to digitally streaming of 18 matches in every season of the Indian Premier League in the Indian sub-continent for the seasons starting from 2023 to 2027.



"After announcing a deal with Bodhi Tree and Reliance, Viacom18 made a giant leap towards building a compelling digital consumer proposition by acquiring the Indian subcontinent exclusive digital rights of the Indian Premier League (IPL)," read the statement.



Highlights for Q1 FY23:

  • Viacom18 has acquired the exclusive digital streaming rights of the Indian Premier League for the Indian sub-continent for the next five seasons (2023-2027) for Rs 23,757.5 crore. It also won the rights for three out of five international territories, which include major cricketing nations like South Africa, Australia, and the UK, for Rs 594.5 crore.
  • IPL is the highest-reaching sports property in the country and will provide a strong entry point for consumers to come to Viacom18’s digital platform. It will play a pivotal role in helping establish it as India’s leading digital media, entertainment, and sports destination.
  • With rights to a slew of diverse sports properties like football (FIFA World Cup, La Liga, Serie A, and Ligue1), basketball (NBA), badminton, and tennis already acquired, Viacom18 is building one of the largest sporting destinations in the country, offering a compelling proposition for both core and casual sports fans.
  • Viacom18, while continuing to strengthen its broadcasting vertical, is building a digital platform of the future to provide best-in-class products and user experience to the fast-growing Indian digital audience. The platform will utilise a combination of exciting sports action and captivating entertainment content across Hindi and regional languages to build a winning consumer value offering.



    Network18 chairman Adil Zainulbhai said, “First quarter of FY23 has set the tone for the journey that we have undertaken towards making Network18 as India’s leading destination for  content. The big development for us this quarter was the acquisition of exclusive digital rights of  IPL. With strong tailwinds favouring digital consumption, it gives us a perfect opportunity to scale-up  our OTT offering. Coupled with the partnership with Bodhi Tree and Reliance, it will enable our  entertainment business to grow to a multiple of what it is today. We are also working towards  creating a 360 degree news offering with depth and breadth, which not only gives the user seamless experience across platforms, but also optimises for relevance. We are laying down strong foundations on which our businesses can continue to grow for the foreseeable future."

     

Source: BARC, All India, News genre, TG:15+, Wk 23'22 to 26'22

Source: BARC, All India, Non-news genre, TG: 2+, Wk 14'22 to 26'22

Source: BARC, All India, TG: 2+, Wk 23'22 to 26'22

Latest Reads

https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2022/08/17/zee5-4.jpg?itok=bxiKw3fW
ZEE5 Global collaborates with the LuLu Group in the middle east to celebrate 'India Utsav’

ZEE5 Global has partnered with the LuLu Group for their 'India Utsav' celebrations. The event was launched at the same time across the GCC countries on 15 August 2022, at Al Wahda Mall in Abu Dhabi, in the Group's first-ever simultaneous region-wide launch of its celebration of the 75th Indian...

Television TV Channels GECs
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2022/08/17/impact.jpg?itok=K5KYfweZ
Impact Wrestling extends partnership with Eurosport India

Anthem Sports & Entertainment’s professional wrestling promotion, Impact Wrestling, has partnered with Warner Bros. Discovery’s premium sports channel, Eurosport India. The partnership will ensure that viewers across India, Bangladesh, Bhutan, Maldives, Nepal, Pakistan, and Sri Lanka will...

Television TV Channels Sports
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2022/08/17/sony-entertaiment.jpg?itok=pMhU-41l
Sony Entertainment Television acquires the rights to Endemol Shine’s MasterChef India

Celebrating food, togetherness and diversity, Sony Entertainment Television embarks on an appetising journey as it acquires the rights for the Indian adaptation of the internationally revered culinary reality format, "MasterChef", produced and distributed by Endemol Shine India.

Television TV Channels GECs
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2022/08/17/news18.jpg?itok=raoK8AS7
News18 Kerala announces special line-up of programs for Onam

Mumbai:  Onam – the colourful festival of Kerala’s culture and tradition – is round the corner. The 10-day festivity includes Sadhya, Thiruvathira Kali, Pookalam, Ona-thallu, Pulikali, Onavillu, and welcome songs for King Mahabali. Highlighting Onam’s sublime activities such as Pookalam, aromatic...

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2022/08/17/11.jpg?itok=0PKBiyw5
“We’re looking to invest and reinvest about Rs 3000 crore over 5 to 7 years”: Applause Entertainment CEO Sameer Nair

Celebrating its fifth anniversary, Aditya Birla Group’s Applause Entertainment has released over 40 shows on various OTT platforms so far and is now venturing into feature films.

Television TV Channels People
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2022/08/16/news18-jammu.jpg?itok=MLCSEt_5
News18 Network launches News18 Jammu/Kashmir/Ladakh/Himachal TV channel

News18 Network on Monday launched News18 Jammu/Kashmir/Ladakh/Himachal on the 75th anniversary of India’s independence.

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2022/08/16/rajat_sharma.jpg?itok=YeCmZIXa
India TV editor-in-chief Rajat Sharma conferred 'Most Influential Indian' award in London

Mumbai: On the eve of India’s 75th Independence, Rajat Sharma was identified and honoured as the "Most Influential Indian" at an event hosted by the British monarch at the top of London Bridge. Under the capable guidance of ELITE Magazine's managing director, Puraskar Thadani, who planned the event...

Television TV Shows Awards
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2022/08/16/anuragthakur.jpg?itok=buiec060
I&B minister Anurag Thakur launches Bharat24

The union minister for information & broadcasting and sports & youth affairs Anurag Thakur, launched the new national Hindi news channel, The tagline of the channel is “Vision of new India!”

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2022/08/13/suntv.jpg?itok=x3ybW7NU
Sun TV Q1 results: Revenue rises 47.38% to Rs 1,193.90 crore

Sun TV Network revenue increased by 47.38 per cent (including IPL) to Rs 1,193.90 crore in Q1 FY23, compared to Rs 810.10 crore in Q1 FY2022.

Television TV Channels Viewership